Centro prices first CMBS deal

Aussie property trust taps debt capital markets for first time with A$200 million issue.

Centro Properties Group, the listed property trust with interests in 27 retail properties located throughout Australia, has made its debut in the debt capital markets with a A$200 million $112.2 million commercial mortgage-backed securitization CMBS. ANZ Investment Bank and Commonwealth Bank acted as joint lead manager on the transaction.

The bonds, issued out of the Centro Capital Property Ltd. special purpose vehicle, are collateralized by a secured loan between the issuer and CPT Manager, a responsible entity of Centro,...

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